ParthLongani

Dabur showing some strength !

Long
NSE:DABUR   DABUR INDIA LTD
Hi Traders,

There is a buy setup on Dabur with a good risk reward ratio. Buy the stock at open tomorrow and hold the stock as long as it holds 20EMA on the closing basis.

Currently 20EMA is at 339.95 and it has been respecting it for 46 days now and we also have a support Trend Line around the same level.

Stock is witnessing low volatility for a few days now, so a Breakout or Breakdown should not be far.

Entry : Above 344.00 tomorrow.
Stop : Close below 20EMA
Targets : Keep trailing until you get stopped out.

Let me know what you guys have to say.

Cheers and Happy Trading !

Comments

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